Thursday, June 21, 2007

NovaStar, seeking a buyer, settles mortgage lawsuit

(Reuters) - In the settlement, NovaStar Mortgage Inc. agreed to
includes $3.3 million to be paid to the roughly 1,600 class
members, or just over $2,000 per person, plus $1.8 million for
legal fees.




NovaStar said it did not admit wrongdoing, and settled to
avoid further litigation costs.


Read more at Reuters.com Bonds News

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